Banks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...

IDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...

Government directs state-run banks to identify successful initiatives for wider adoption. The focus will be on lending to unorganised secto...

The new Emergency Credit Line Guarantee Scheme 5.0 is set to boost mid-sized banks. These banks have a larger share of loans to micro, smal...

ECLGS 5.0 is meant to cushion MSMEs from the impact of the US-Iran war, but will it really help small businesses, industry questions.

In a bold move to bolster the economy, the Indian government is injecting an additional ₹2.55 lakh crore in credit specifically aimed at sm...

Shares of AI companies fell on Tuesday. OpenAI reportedly missed user and revenue goals. This has sparked worries about its ability to fund...

Secured loans offer MSMEs a pathway into the formal credit system, eliminating the need for years of audited financials or a long operation...

India's Pradhan Mantri MUDRA Yojana has empowered countless micro-enterprises. This scheme provides collateral-free credit, fostering growt...

According to the report, delinquency levels in the micro-LAP segment rose by 45 basis points (bps) year-on-year to 3.3% as of September 202...

Default ratio in micro loans increased in Karnataka following the promulgation of an Ordinance to regulate microfinance activities, as repo...

Microfinance lenders hesitate to adopt the Centre's credit guarantee cover due to high costs and stringent audit processes. While some lend...

The government in June announced a new credit guarantee scheme covering 75% of bank loans to MFI in case of defaults. The National Credit G...

“It will incentivise lending institutions to give credit as their losses from defaults on loans will be protected to the extent of 75%,” sa...

Various organisations in the upper part of the northeastern state have joined the chorus seeking an inquiry into the operation of microfina...

MFIs have been able to bring down the rate of loan defaults three years after an Andhra Pradesh crackdown led to a crisis in the industry.

Avendus Capital has bought a major chunk of the Rs 10.8 cr loan portfolio of Tiruchi-based firm in the securitisation deal arranged by IFMR...